9.30.2013

Avarice and Usury and Precaution


When the accumulation of wealth
 is no longer of high social importance, 
there will be great changes in the code of morals. 

We shall be able to rid ourselves
 of many of the pseudo-moral principles
 which have hag-ridden us for two hundred years, 
by which we have exalted
 some of the most distasteful of human qualities
 into the position of the highest virtues. 

We shall be able to afford
 to dare to assess the money-motive
 at its true value. 

The love of money as a possession — 
as distinguished from the love of money
 as a means to the enjoyments and realities of life — 
will be recognized for what it is, 
a somewhat disgusting morbidity, 
one of those semi-criminal, 
semi-pathological propensities 
which one hands over with a shudder
 to the specialists in mental disease.

 But beware! 
The time for all this is not yet. 
For at least another hundred years
 we must pretend to ourselves
 and to everyone
 that fair is foul
 and foul is fair; 
for foul is useful and fair is not. 

Avarice and usury and precaution
 must be our gods for a little longer still. 

For only they can lead us out of the tunnel of economic necessity into daylight.

John Maynard Keynes (1931)